LNG

GAIL India, the state-owned LNG importer and natural gas pipeline grid and city-gas operator, increased net profits though gas marketing earnings declined.

Gas Authority of India (GAIL), the LNG importer and natural gas pipeline grid and city-gas operator, reported a decline in net profits even as total revenues increased for the fiscal third quarter and the year to date.

Gas Authority of India (GAIL), the nation’s main natural gas pipeline operator and a leading LNG importer with US volumes from Cove Point in Maryland and also contracted from Russia’s Gazprom, reported record results and aimed to tie-up more gas supplies under contract to cover growing demand.